Zug, Switzerland, October 2nd, 2024, Chainwire

Poland’s second-largest financial institution, Pekao S.A., used the Aleph Zero L1 blockchain to tokenize and protect internationally famend Polish artworks.

Financial institution Pekao, Aleph Zero, and Degen Home are proud to announce the launch of Archiv3, a undertaking to tokenize and protect Polish cultural heritage on the Aleph Zero blockchain, with digital reproductions securely saved within the Arctic World Archive (AWA). This initiative combines blockchain know-how with a dedication to cultural preservation, guaranteeing the safekeeping of Poland’s creative legacy for future generations.

With Archiv3, Financial institution Pekao turns into the primary common financial institution to tokenize historic artwork particularly for preservation functions. This initiative follows the financial institution’s earlier “Unique” undertaking, marking its position in integrating blockchain know-how with conventional banking. It additionally highlights the financial institution’s ongoing dedication to modernizing its companies and increasing the attain of digital property. Notably, Archiv3 is the primary undertaking to tokenize artworks for long-term storage within the Arctic World Archive, referred to as the “Doomsday Library.” In its press release, Financial institution Pekao identified that the deciding think about utilizing the Aleph Zero blockchain has been not solely its velocity and safety but in addition its consideration to optimizing for a low carbon footprint and its carbon offset program.

“We have chosen Aleph Zero for their privacy-focused, top-class technology combined with sound experience in cooperation with large institutions,” says Michał Walęczak, Director of the Non-public Banking Technique and Growth Division at Financial institution Pekao S.A. “Minimal carbon footprint as well as low storage costs were also important factors in our decision-making process. Tokenization of art requires modern and flexible technology, unforced creativity and some out-of-the-box thinking; these features we were happy to find in co-operation with Aleph Zero.”

ARCHIV3 entails the meticulous digitization of masterpieces from iconic Polish artists, equivalent to Jan Matejko, Stanisław Wyspiański, Wojciech Kossak, and others, facilitated by Degen Home, the financial institution’s technological accomplice, who additionally managed the Aleph Zero integration. The method started with the creation of high-quality, museum-grade 3D scans utilizing ultra-sensitive cameras, which seize each element of the unique artworks. These digital replicas have been then minted as NFTs on the eco-friendly Aleph Zero blockchain, which ensures minimal carbon footprint throughout the course of. The tokenized variations are subsequently archived within the Arctic World Archive, the place they’re anticipated to stay safe for a minimum of 1,000 years.

The artworks within the Archiv3 assortment span a spread of historic durations, primarily that includes Nineteenth-century works and choose fashionable items, equivalent to these by modern artist Lia Kimura. This initiative goals to protect these treasures not just for their cultural and historic significance but in addition as a useful resource for future research, conservation, and potential digital exhibitions.

Preserving Artwork for Future Generations

The Arctic World Archive, positioned on the distant Svalbard archipelago, serves as a extremely safe information vault designed to guard invaluable cultural, historic, and scientific data from pure disasters, cyber threats, and different dangers. Established in 2017, the archive makes use of superior storage know-how to make sure information longevity with out the necessity for electrical energy or human intervention, making it one of many most secure locations on the earth for preserving irreplaceable information.

The AWA already homes manuscripts from the Vatican Library, documentation from UNESCO and UNICEF, all the GitHub code repository, in addition to literary works by Nobel Prize laureates Olga Tokarczuk and Wisława Szymborska. Financial institution Pekao is the primary monetary establishment to archive culturally vital artworks on the AWA, whereas doing the identical utilizing decentralized storage, setting a precedent for the way blockchain know-how can be utilized to bridge conventional artwork with new digital options.

For any enquiries about this launch, please contact [email protected] 

About Aleph Zero

Aleph Zero is a privacy-first ecosystem of blockchain options which are engineered for velocity, information confidentiality, and ease of improvement. It achieves efficiencies akin to standard web2 programs, upholds rigorous requirements for information safety through zero data proofs, and provides a complete toolset for improvement throughout web3 that ranges from WASM-based Rust to EVM-based Solidity environments. Aleph Zero’s versatility is highlighted by over 40 use instances being actively developed, showcasing its adaptability throughout numerous sectors and functions. These use instances are a part of an engaged neighborhood and rising ecosystem of web3 functions which are supported by Aleph Zero ecosystem improvement packages.

For extra data, customers can go to https://alephzero.org/ 

About Financial institution Pekao S.A. 

Financial institution Pekao S.A., based in 1929, is among the largest monetary establishments within the Central and Jap European area and the second-largest common financial institution in Poland with property of 316 billion PLN. With the second largest department community, Financial institution Pekao serves 6.9 million prospects. As a number one company financial institution in Poland, it serves each second company in Poland. Its standing as a common financial institution relies on its main market place in personal banking, asset administration, and brokerage actions. Financial institution Pekao’s diversified enterprise profile is supported by a number one market stability sheet and threat profile mirrored within the lowest threat prices, sturdy capital ratios, and resilience to macroeconomic circumstances (Pekao proved to be essentially the most resilient financial institution in Europe, rating first within the stress exams performed by the EBA in 2023 amongst 70 banks). Since 1998, Financial institution Pekao has been listed on the Warsaw Inventory Alternate and participates in a number of native (together with WIG 20 and WIG) and worldwide indices (together with MSCI EM, Stoxx Europe 600, and FTSE Developed). Pekao is among the most dividend-paying listed firms in Poland over the previous 10 years, paying out a complete of approx. 20 billion PLN over a decade.

About Degen Home

Degen Home is a full-stack blockchain options supplier with a confirmed observe document of collaborations spanning main CEE banks and high world blockchain ecosystems. The corporate provides complete end-to-end options, from strategic consulting and product improvement to focused advertising and marketing and gross sales.

Contact

PR Supervisor
Josh Adams
Aleph Zero
[email protected]